Benefits of self-directed IRAs

[Ryan Daulton]

Since learning that cash flow from real estate that was purchased from self-directed IRAs is taxed, and that I would not be able to claim depreciation on this property, what are the advantages to buying real estate with self-directed IRAs vs. other investment types like stocks and mutual funds?  

It seems like there are so many limitations to buying real estate with self-directed IRAs.  For those that do invest in real estate using this, what are your reasons?  Are there any benefits I may not be aware of here?